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is house speaker boehner's birthday. for those of you who want to wish him a happy birthday, we are not going to get him a cake because we did not know how many candles we would need. [laughter] >> thank you. >> thank you. >> following the meeting, house and leaders spoke briefly to reporters. >> good morning, everyone. we just had a meeting with the president to talk about america posted fiscal problems. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table as long as it is accompanied by significant spending cuts. we are going to continue to have that on the table to show the american people that we are serious about cutting spending and solving our fiscal dilemma. i believe that we can do this and avert the fiscal cliff. >> this is not the first time we have dealt with these issues. we feel we understand what the problem is. i feel very good abou
of avoiding the fiscal cliff. he'll meet with harry reid, mitch mcconnell, john boehner and nancy pelosi at quarter after 10:00 eastern time. mcconnell says republicans won't raise tax rates. the white house says the president won't sign an extension of tax cuts for top earners. chinese officials including the country's vice minister are sounding alarm bells with external risks to growth. they hope the uts will come to an agreement on tax issues or warns the country could face a slide into deep recession. eunice yoom is taking a closer look at the relationship between the two economic super powers and how they're likely to proceed. >> she's sitting down to her regular taste of americana. she and her co-workers dine out at their favorite fast food joint from the west twice a week, exactly the kind of middle income chinese american companies hope will drive their future growth. >> translator: we're used to eating rice, she says. it's convenient and nice to have fast food once in a while and have a change. american companies are hoping gnaw leadership will make it easier to sell to chinese
other point that i want to make and that is that my understanding is tomorrow is representative boehner's birthday. for those who want to wish him a happy birthday, we're not going to embarrass him with a cake because we didn't know how many candles were needed -- >> yeah, right. >> but we do want to wish him a happy birthday. >> thank you. >> thank you, everybody. appreciate it. >> house and senate leaders spoke briefly to reporters. >> good morning, everyone. we had a very constructive meeting with the president to talk about america's fiscal problem. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe that the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table as long it's accompanied by significant spending cuts. while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fisc
the tone of speaker boehner's remarks was very good. i also want to see what the substance was. what i do know is that different people heard this remark and interpret it in very different ways. grover norquist said he thought it was a good statement by speaker boehner, and other people who think we need to generate additional revenues to have a deficit reduction plan also say he made a good statement. it would be good to know exactly what he is talking about. >> how about for you? the whole premise of tax cuts, as we talked about the last 24 hours, is to eliminate deductions and bring down rates. that is what happened in 1986. >> i am talking about, what is our starting point in terms of the rates? what are we negotiating from? are we negotiating down from 35% or from 39%? i want to emphasize this point -- simpson-bowles, go look at it. they assume the amount of revenue that you would achieve if you allow the tax rate to go up. their tax reform plan is built off an assumption that you will get the amount of revenue as if he started at 39% and went down. they begin with what they call the
, the president is meeting with john boehner, the first face-to-face talk. in december 2010, you called your plan the moment of truth. almost two years later, but moment are we at now? >> i think this is the magic moment. a moment when our generation has the chance to really do something about this problem that we created. it is our generation that got us into this mess. i think we have a good chance. yet a second term democrats president who has come out and said he is willing to put entitlements on the table. big deal. you have a speaker, a republican speaker who really gets it. he understands the deaths of the problems they face. he has said the are going to put revenues on the table. big move. we got half the members of the senate already saying they will support a balanced plan. which makes a lot of sense. we have the business community lined up firmly for doing something. most importantly, we have the fiscal cliff. where if we go over it, we are going to face the most predictable economic crisis in history. for all of us in here, it is also the most avoidable. i think this is the magic mome
incomes now and ensuring security for the future. hthis is the end of vision that speaker boehner without for the country last week. i cannot think why the present would not embrace it. someone said we should go over the cliff. just go off of the cliff. hope for the best. i do not think that is what the american people had in mind when they went to the polls last week. but they had in mind is that we put the contest of the past two years behind us and work it out. the best way forward in the way that will lead to jobs and growth, a smaller deficits, and you were political fights is to keep everyone where they are. figure out a way to avoid the automatic defense cuts scheduled to hit at the end of the year without putting a penny last thing we promised and committed to the entitlement reforms that we all claim we want. a simpler tax code that lowers rates and cuts special interest loopholes would create jobs and result in more revenue without raising anyone's rates. we know this because we have seen it before. it actually works. i do not think washington should get any of that extra revenu
really intense negotiations and both the president and john boehner in the house --. lori: david, i'm so sorry to interrupt you. we have breaking news. we'll get back to the conversation. we're getting started. the president we are hearing arriving in staten island, an area, hard, hard hit by superstorm sandy. he is is expected to address the press after he speaks with first-responders. you can see the crowd there. a lot of media members looking to grab an interview or comments from the president as he tours sandy's storm-ravaged staten island. all right. let's return to our conversation with mr. west self "the wall street journal.". when we hear from the mr. president we'll return to that. thanks for rolling, david. continue with your comments. you said this was the calm before the storm if you will. >> right. everybody is basically trying to jockey for position, making clear what their opening bid is and trying to make the public thing if this doesn't work out it was the other guy who was reasonable, other guy was unreasonable. lori: what is going to get this thing going? >> right. i t
Search Results 0 to 6 of about 7

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